In a strategic move to enhance the development prospects of the Reko Diq Project, Pakistan Petroleum Limited (PPL) announced its intention to explore potential engagement with sovereign foreign investors.
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Find top stories in this section. Pakistan Revenue brings you the latest and most important news from Pakistan and around the world, keeping you informed with key updates and insights.
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PTBA Demands 90-Day Filing Period After Portal Error Removal
Karachi, September 27, 2023 – The Pakistan Tax Bar Association (PTBA) has called upon tax authorities to provide taxpayers with a clear 90-day window, as mandated by statute, following the removal of all glitches from the online portal.
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Pakistan Witnesses 81% Surge in Mobile and Internet Banking Payments
Karachi, September 27, 2023 – Pakistan has experienced a remarkable 81 percent increase in payments made through mobile phones and internet banking during the fiscal year 2022-23, as indicated by a report released by the central bank on Wednesday.
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Return Filing Glitches Annoy Non-Resident Pakistanis
Karachi, September 27, 2023 – Non-resident Pakistanis are encountering significant challenges as they attempt to file their income tax returns for the tax year 2023, primarily due to persistent glitches in the Federal Board of Revenue’s (FBR) online portal.
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Pakistani Rupee Continues Appreciation Against Dollar for 16th Straight Session
Karachi, September 27, 2023 – In a remarkable streak of gains, the Pakistani Rupee (PKR) extended its appreciation against the US dollar for the 16th consecutive session, closing at PKR 288.75 at the interbank foreign exchange market, a significant improvement from the previous day’s closing rate of PKR 289.80.
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FBR Issues Procedure for Income Tax Return Filing Date Extension
Karachi, September 27, 2023 – The Federal Board of Revenue (FBR) has released a detailed procedure for individuals and entities seeking an extension in the filing of income tax returns.
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FBR May Extend Return Filing Date for Tax Year 2023 Amidst Technical Challenges
Karachi, September 27, 2023 – The Federal Board of Revenue (FBR) is contemplating an extension of the deadline for filing income tax returns for the tax year 2023, following a surge in complaints from taxpayers grappling with technical difficulties in the online filing process.
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Pakistan and Germany Initiate Renegotiations to Eliminate Double Taxation
Islamabad, September 26, 2023 – Pakistan and Germany have taken significant steps toward strengthening their economic ties by initiating renegotiations on the Agreement for the Elimination of Double Taxation.
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PKR Makes Record 5.6% Gain Against US Dollar in Unprecedented Winning Streak
Karachi, September 26, 2023 – In an unprecedented winning streak, the Pakistani Rupee (PKR) has made a remarkable gain of 5.6 percent against the US dollar, marking a significant shift in its exchange rate.
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FBR Exempts Categories of Taxpayers from Tax Return Filing
Karachi, September 26, 2023 – The Federal Board of Revenue (FBR) has announced that certain categories of taxpayers are exempt from filing annual income tax returns for the tax year 2023.
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